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EC101M Microeconomics Quiz
EC101M Microeconomics Quiz
Quiz
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
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What is the role of prices in economics?
A.
Prices signal scarcity and value, helping consumers and producers make informed decisions.
B.
Prices are only a reflection of costs.
C.
Prices eliminate the need for demand.
D.
Prices do not influence consumer behavior.
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